RDP 2001-01: The Decline in Australian Output Volatility
Equation (2)
ε
t
=
(
ε
t
s
,
ε
t
d
,
ε
t
T
O
T
)
′
B
0
=
[
1
−
β
12
(
0
)
−
β
13
(
0
)
−
β
21
(
0
)
1
−
β
23
(
0
)
−
β
31
(
0
)
−
β
32
(
0
)
1
]
k
=
(
k
1
,
k
2
,
k
3
)
′
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